H&M SERVICE: what changed
H&M SERVICE
Largest movements
- Receivables within one year +€14,096
new in 2023: €14,096
of which Trade receivables: +€13,066
- Cash -€11,426
down €11,426 (-88.2%), from €12,950 to €1,524
mainly Receivables within one year (-€14,096) and Net result for the year (-€11,640)
- Profit (loss) carried forward -€11,640
down €11,640 (-42.3%), from -€27,535 to -€39,176
- Trade debts +€7,432
up €7,432 (+1,050%), from €708 to €8,140
- Other debts +€6,450
up €6,450 (+32.3%), from €19,994 to €26,444
- Contributions +€1,800
up €1,800 (+10.4%), from €17,300 to €19,100
- Tax, wage and social debts -€1,443
down €1,443 (-56.5%), from €2,555 to €1,112
- Gross operating margin -€2,748
down €2,748 (-41.7%), from -€6,593 to -€9,341
- Other operating charges -€2,384
down €2,384 (-72.1%), from €3,307 to €924
- Depreciation +€1,116
new in 2023: €1,116
Change in the result, 2022 to 2023
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2022 and 2023 balance sheets and the 2023 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,022 | €15,620 | +€2,598 | +20.0% |
| Current assets | 29/58 | €13,022 | €15,620 | +€2,598 | +20.0% |
| Amounts receivable within one year | 40/41 | - | €14,096 | +€14,096 | |
| Trade receivables | 40 | - | €13,066 | +€13,066 | |
| Other amounts receivable | 41 | - | €1,030 | +€1,030 | |
| Cash at bank and in hand | 54/58 | €12,950 | €1,524 | -€11,426 | -88.2% |
| Deferred charges and accrued income | 490/1 | €72 | - | -€72 | |
| Total equity and liabilities | 10/49 | €13,022 | €15,620 | +€2,598 | +20.0% |
| Equity | 10/15 | -€10,235 | -€20,076 | -€9,840 | -96.1% |
| Contributions | 10/11 | €17,300 | €19,100 | +€1,800 | +10.4% |
| Capital | 10 | €17,300 | €19,100 | +€1,800 | +10.4% |
| Issued capital | 100 | €19,100 | €19,100 | = | 0.0% |
| Uncalled capital | 101 | €1,800 | - | -€1,800 | |
| Profit (loss) carried forward | 14 | -€27,535 | -€39,176 | -€11,640 | -42.3% |
| Amounts payable | 17/49 | €23,257 | €35,696 | +€12,439 | +53.5% |
| Amounts payable within one year | 42/48 | €23,257 | €35,696 | +€12,439 | +53.5% |
| Trade debts | 44 | €708 | €8,140 | +€7,432 | +1,050% |
| Suppliers | 440/4 | €708 | €8,140 | +€7,432 | +1,050% |
| Taxes, remuneration and social security | 45 | €2,555 | €1,112 | -€1,443 | -56.5% |
| Taxes | 450/3 | €2,555 | €1,112 | -€1,443 | -56.5% |
| Other amounts payable | 47/48 | €19,994 | €26,444 | +€6,450 | +32.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,116 | +€1,116 | |
| Other operating charges | 640/8 | €3,307 | €924 | -€2,384 | -72.1% |
| Gross operating margin | 9900 | -€6,593 | -€9,341 | -€2,748 | -41.7% |
| Operating profit (loss) | 9901 | -€9,901 | -€11,381 | -€1,480 | -14.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €296 | €260 | -€36 | -12.2% |
| Recurring financial charges | 65 | €296 | €260 | -€36 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,197 | -€11,640 | -€1,444 | -14.2% |
| Profit (loss) for the period | 9904 | -€10,197 | -€11,640 | -€1,444 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,197 | -€11,640 | -€1,444 | -14.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.